Redwood Trust: 4 optimistic opportunities ahead for mortgage REITs Redwood Trust, a real estate investment trust that specializes in buying and securitizing jumbo mortgages, is set to expand into investor-focused loans thanks to a new deal with 5 Arches.
New round of foreclosures threatens housing market – The Washington area has a "shadow inventory" of about 67,000 properties that could go into foreclosure this year, an 11-month supply at the current sales rates, according to research by John Burns.
Home Price Bottom While Sales Stumble – U.S. home prices (black line) have declined since April 2009 at a slower rate than immediately following the market peak. The rate was slowest for April 2009 through April 2010, as indicated. there.
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Form 10-K – SEC.gov – Total existing home sales rose 1.7% in 2011 from 2010, according to data available through January 2012, following a 3.5% decline in 2010, despite low mortgage rates and reduced home prices. Weak demand for homes, a weak labor market and elevated vacancy and foreclosure rates are the main obstacles to the housing recovery.
The stubborn resistance of shadow inventory – six states make. – The stubborn resistance of shadow inventory – six states make up over half of all shadow inventory. 3,000,000 distressed properties sold since January of 2009. There is an interesting trend that continues to be a hallmark of the shadow inventory .
Home prices post sharp increases in January – Prices, as tracked by the index, still remain about 30% off their peak months reached in summer 2006. seriously delinquent loans. This shadow inventory has dropped 28% since it peaked at 3 million.
FORECLOSURE CRISIS WILL WORSEN – American Free Press – Barclays Capital predicted that it would peak at 4.7 million in the summer of 2010. Capital Economics, a research firm, predicts that the shadow inventory could reach 5.5 million by the end of 2011. Thousands of people remain in their homes after banks have attempted to foreclose on them, because many banks do not have original titles on the homes due to the bundling and securitization of mortgages.
senators press obama for swifter REO strategy Insurers, Lenders Fight Over Foreclosure’s Policy Impact FHFA assists 3.2 million troubled homeowners "FHFA, with the Enterprises, has been making great efforts to assist troubled. home affordable modification Program (HAMP) regarding principal forgiveness and should have a decision this month. Up.a lender would be able to make a nonjudicial foreclosure on a loan that is in default based on the power-of-sale clause contained in the title theory When the buyers went to settlement on their new home, they signed a deed of trust that conveyed their interest in the property to a trustee who would act on behalf of the lender.Record low rates spur mortgage application filings housing starts fall 5.8%, disappointing analyst estimates After years of falling. s housing starts fell 10.2% year-over-year to a two-year low rate of 1.08 million. Still, the company is optimistic, offering 2019 profit guidance of between $6.00 and $6.10.SoFi is a leading online mortgage lender that offers purchase and refinance home loans. SoFi caters to borrowers who have high incomes but little saved up for down payments. See how SoFi compares.Reform opponents worry House measure guts CFPB Freddie mac estimates home sales to fall another 23% in 3Q WASHINGTON (AP) — The Treasury Department said Wednesday that it will offer investors treasury securities with variable interest rates, similar to those on some home mortgages. Officials said actual.Several measures to reform the agency are pending in the House and Senate. These bills can generally be broken down into two categories. The first category includes measures that would eliminate the CFPB entirely, either through outright repeal or defunding.Senators press for mass mortgage refi plan – HousingWire – senators press obama for swifter reo strategy senators press for tax relief on principal reductions, short sales Jon Prior was a reporter with HousingWire through late 2012.Fannie and Freddie help brighten America’s credit outlook The congressional budget office’s assessment of the cost of a bailout of Freddie Mac and Fannie Mae is refreshingly honest, but disconcertingly uncertain. The price could be zero, the price could.Multifamily development picks up despite falling demand beginning to emerge in urban multifamily markets. This is being driven not by weakening demand but Class A product hitting markets in greater amounts. As a result, Class A vacancies have steadily risen over the past two years from 4.6 to 5.6 percent, as inferior Class B and C vacancies have declined, falling 110 basis points. While performance inFannie Mae debuts “risk-sharing” mortgage-backed security · Today, under those conservatorships, the debt securities and mortgage-backed securities (MBSs) that Fannie Mae and Freddie Mac issue are effectively guaranteed by the federal government (subject.FHFA assists 3.2 million troubled homeowners Here is the latest: BloombergQRM Bank of America announced it is eliminating 1,500 jobs in its mortgage origination business (by closing 100 regional fulfillment centers) and shifting another 350 jobs.
57,000 U.S. Foreclosures Completed in September, Says CoreLogic – The foreclosure inventory is the share of all mortgaged homes in any stage of the foreclosure process. "The continuing downward trend in foreclosures along with a gradual clearing of the shadow..
Shadow Inventory: Beginning to See the Light – Keeping. – 10shares 3 0 7 0One of the key obstacles to a housing recovery over the past five years has been the overhang of distressed properties about to come to market which has come to be known as shadow inventory. Shadow inventory numbers are comprised of three separate categories of properties: properties where the home owner [.]